WILLEMSTAD – The Committee for Financial Supervision Curaçao and Sint Maarten (Cft) says Curaçao has not sufficiently explained how the recent increase in the AOV pension will affect the island’s public finances.
In its latest assessment of the 2026 budget, the Cft noted that the government raised the AOV payment to 1,000 guilders per month and financed the increase through social security funds. However, the supervisory board says the government has not provided a detailed numerical analysis showing the long-term financial impact of the measure.
Earlier analysis by the Central Bank of Curaçao and Sint Maarten suggested that the increase could lead to a deficit in the so-called fluctuation fund in 2027.
While the government claims the fund will remain positive between 2026 and 2029, the Cft says this assertion cannot be verified without detailed financial projections.
The supervisory board has therefore asked the government to provide a multi-year forecast of the social funds and the fluctuation fund.